Cryptocurrency markets are up as a policy adviser to Kamala Harris' campaign stated that she will back any measures to assist in digital assets' growth. The response came when asked about the VP's efforts to engage the crypto community.
just in from @hlowenkron: Kamala Harris will support efforts to help grow the crypto industry, according to an aide to her campaign
— Emily Nicolle (@emilyjnicolle) August 21, 2024
full story on @TheTerminal now pic.twitter.com/jsHyeSUsQ4
- IntoTheBlock data shows large transaction volumes being relatively flat, while transactions greater than $100,000 increased from 7,289 to 7,824. Exchanges netflows decreased by 160%.
- Coinglass data shows 38,204 traders liquidated in the past 24 hours for $99.49 million.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $61,580 | +3.5% |
| Ethereum (CRYPTO: ETH) | $2,649 | +1.8% |
| Solana (CRYPTO: SOL) | $143.6 | -0.3% |
| Dogecoin (CRYPTO: DOGE) | $0.1067 | +2.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001408 | +2.5% |
Notable Developments:
- Ethereum Co-Founder Vitalik Buterin Proposes 'Plurality' As Solution To Crypto-Governance Tension
- Goldman Sachs Warns Against Misinterpreting Wednesday's US Jobs Data As Crypto Markets Hold Their Breath
- Mt. Gox Transfers $709M In Bitcoin: Are Creditor Payouts Almost Over?
- Trump's Son Continues To Whip Up Excitement On Upcoming Crypto Project: 'Getting Very Excited'
- Grayscale Appoints Wall Street Veteran Peter Mintzberg As New CEO
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Fantom (CRYPTO: FTM) | $0.4563 | +16.6% |
| Uniswap (CRYPTO: UNI) | $7.1 | +14% |
| Aave (CRYPTO: AAVE) | $141.3 | +13.9% |
Trader Notes: Crypto trader TradeButWhy noted that despite the three weeks since dump, his confidence has increased:
It's been almost 3 weeks since the dump and my confidence has since increased in:
— TradeButWhy (@tradebutwhy) August 21, 2024
1) BTCUSD is not gonna do much next few months, expecting more sloppy ranging price action
2) BTCUSD bottom is in
3) SOLBTC / SOLETH / SOL.D are going lower
More Crypto Online sees Bitcoin heading towards $61,500, where it will face the next crucial decision.
CrediBULL Crypto predicts a "big breakout/squeeze to $63,000." He believes the move is driven by a pretty relentless spot bid on Coinbase andconcluded, "If we do top here soon I am still interested in longs at $55,000-$56,000. If we continue to push will be looking for short again somewhere above $64,000."
Rekt Capital noted that Bitcoin is on the verge of returning to re-accumulation range despite the recent downside deviation.
#BTC
— Rekt Capital (@rektcapital) August 21, 2024
Looks like history is repeating itself because Bitcoin is officially well-positioned for a reclaim of the ReAccumulation Range Low as support
Bitcoin is on the cusp of returning into the ReAccumulation Range, despite the recent downside deviation$BTC #Crypto #Bitcoin pic.twitter.com/Xc9b3CnfaD
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
- Industry Expert Is 'Super Super Bullish On Both' Gold And Bitcoin, Sees New Playbook Phase As Catalyst
Image: Shutterstock
